Bob purchased an apartment building to rent to university students on November 18, 2015. The following costs were incurred during 2015, before the tenants moved in:

Purchase price of the building	$220,000
Purchase price of the land	100,000
Transfer taxes	10,000
Interest incurred on the mortgage loan to purchase	4,000
Attorney and real estate agent's fees	15,000
Repave the parking lot	6,000

How much will Bob record as an asset?